>> negotiating starting point when the president blew off. >> paul ryan voted against it. here is the bottom line if we keep doing what monica and i doing, we'll stick to our position and they will stick to their position, nothing is going to get done. both side need to come to the table. both sides need to compromise. >> willing to compromise on? >> for actually, on spending? >> absolutely, monica. not just spending but entitlement reform something he tried to do. >> he didn't try to do. >> grand bargain eric cantor and paul ryan tanked. >> first term the president fundamentally unserious about deficit reduction why we have these record four years of trillion dollars plus deficits. he was fundamentally unserious about tackling entitlement reform. there is nothing in his background or history or character to suggest that will be different in a second term. >> well, i don't know. maybe, i don't think so but i think so he came to the table wanted to strike a grand bargain. said i will negotiate on deficit reduction addressing entitlements and a national that. >> he -- anathe